Quick Enquiry
Indicative price brief for Ethylene Glycol MEG - Asia ex-China. Methodology: trade publications, broker reports, and industry sources reviewed by Nexchem. This is directional intelligence, not a regulated benchmark assessment.
CFR SE Asia and India monoethylene glycol and diethylene glycol spot pricing. Middle East MEG supply disruption from Hormuz closure, Indian polyester and PET bottle demand growth, Chinese MEG export availability, ethylene oxide hydration route economics, and 3-scenario price outlook. Published monthly.
CFR SE Asia and India MEG pricing is the most direct downstream indicator of how the Hormuz closure is reshaping Asian polyester raw material economics - the Middle Eastern MEG from EQUATE Kuwait and SABIC Jubail that supplies approximately 42% of SE Asian and Indian MEG import requirements is disrupted, and Indian PET bottle manufacturers who were already operating on tight MEG supply in Q1 2026 are now competing with Chinese polyester producers for available non-Middle Eastern supply.
CFR SE Asia and India MEG supply is sourced from Chinese export - at approximately 4.8 million MT per year of Chinese MEG exports directed primarily at Indian and SE Asian markets - Middle Eastern EQUATE, SABIC, and Lotte Chemical whose flows are disrupted, and limited USGC supply from Dow Freeport and Eastman. Chinese coal-based MEG production cost at approximately CNY 3,640 per metric tonne provides a pricing floor that prevents CFR SE Asia from rising above the Chinese export parity level, but the Middle Eastern supply disruption has tightened the market enough to push pricing above the Chinese floor by approximately USD 36 per metric tonne in June 2026. Demand for Ethylene Glycol MEG in Asia ex-China is driven by competing value chains across derivative chemical production and fuel blending applications. The price discovery mechanism reflects whichever end use provides the higher realised value at the margin, creating a dynamic pricing floor that shifts with benzene, gasoline, and derivative operating rates. 42% of SE Asia and India Supply Affected - EQUATE at Kuwait, SABIC at Jubail, and Lotte Chemical at Saudi Arabia supply approximately 42% of SE Asian and Indian MEG import requirements under normal conditions.
Hormuz closure has disrupted these flows, requiring Indian and SE As. In the current 2026 supply and demand environment, Ethylene Glycol MEG pricing in Asia ex-China reflects both structural market conditions and active geopolitical supply chain disruption. The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For CFR SE Asia and India MEG, the Hormuz disruption is the direct and primary pricing driver - EQUATE Kuwait, SABIC Jubail, and Lotte Chemical Saudi Arabia provide approximately 42% of normal import supply and all three are affected by Hormuz export logistics disruption. The Indian and SE Asian MEG markets are among the most directly Hormuz-exposed of all downstream polymer raw material markets due to their high Middle Eastern import dependency combined with structurally strong end-market demand growth that prevents the supply disruption from causing demand destruction. Structural Growth Driving Import Pull - Indian PET bottle demand growing at 8.5% per year for packaged beverages and FMCG products creates consistent MEG import demand that Indian domestic MEG production at Reliance In.
The paid report is a professionally formatted PDF with structured sections, colour-coded grade price tables, alert boxes, capacity atlas tables, a 3-scenario price outlook, and analyst cards. The accompanying Excel file contains all price data in editable format for direct integration into procurement models.
Full report preview available after subscription. Illustrative mock shown above.
Every Nexchem Intelligence price report includes field-level analyst commentary covering supply shortages, qualification timelines, geopolitical friction, and pricing pressure - not generic market narrative. Nexchem analysts are active in the market and attribute all field intelligence to verifiable primary sources.
The paid report includes full scenario assumptions, quarterly price ranges for Q3 2026, Q4 2026, and Q1 2027, probability weighting for each scenario, and a procurement recommendation tailored to each case - covering what to do if the bull case materialises, what to hedge in the base case, and how to protect exposure in the bear case.
The IMF confirmed in March 2026 that the closure of the Strait of Hormuz had disrupted approximately 20% of global seaborne oil and LNG supply. For CFR SE Asia and India MEG, the Hormuz disruption is the direct and primary pricing driver - EQUATE Kuwait, SABIC Jubail, and Lotte Chemical Saudi Arabia provide approximately 42% of normal import supply and all three are affected by Hormuz export logistics disruption. The Indian and SE Asian MEG markets are among the most directly Hormuz-exposed of all downstream polymer raw material markets due to their high Middle Eastern import dependency combined with structurally strong end-market demand growth that prevents the supply disruption from causing demand destruction.
Important: Nexchem Intelligence price reports are indicative price intelligence, not price assessments. We are not a Price Reporting Agency and our prices are not IOSCO-compliant. For contract settlement, mark-to-market valuation, or derivative pricing, use ICIS, Argus, or S&P Global Platts. Our reports are for procurement strategy, supply chain planning, and market analysis only.
Subscribe to multiple regional SKUs for the same chemical to track cross-regional arbitrage economics, trade flow competitiveness, and supply source comparison. Bundle pricing applies at 5 or more SKUs - see subscription plans above.